180
180
Dec 27, 2012
12/12
by
CNBC
tv
eye 180
favorite 0
quote 0
with us cnbc's jeff cox and kathy jones from charles schwab. waiting to see what the ten-year note is doing. it's come back sharply now with the buying of stocks here. i mean, there is this either/or going on right now, safety vers versus risks, right? >> doing this all year long, news about the economy or settlement of the fiscal cliff issue, the bond market sells off a little bit and the market rallies. here we are again. hope springs eternal. >> let's say we get a deal in the near term, some sort of a framework deal. does that mean we'll see rates on the treasury yield curve rise appreciably, in other words, we'll sell off on the bond market. >> the initial reaction will be relief and risk assets, selloff in treasuries, and keep in mind any deal that we get is probably going to mean more austerity, not less, higher taxes and less spending in 2013 and 2014, and ultimately that's good for the bond market. it's not a bad thing for the bond market. >> do you agree, jeff cox? >> i agree with the notion that, of course, we're at mercy of the fisca
with us cnbc's jeff cox and kathy jones from charles schwab. waiting to see what the ten-year note is doing. it's come back sharply now with the buying of stocks here. i mean, there is this either/or going on right now, safety vers versus risks, right? >> doing this all year long, news about the economy or settlement of the fiscal cliff issue, the bond market sells off a little bit and the market rallies. here we are again. hope springs eternal. >> let's say we get a deal in the...
156
156
Dec 19, 2012
12/12
by
CNBC
tv
eye 156
favorite 0
quote 0
jeff, great to talk with you. >> thank you. >> thank you for your time today. jeff jordan. >>> after the break, my observation on why we don't have a deal in washington yet and how we might be able to get there. stay with us. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to yo
jeff, great to talk with you. >> thank you. >> thank you for your time today. jeff jordan. >>> after the break, my observation on why we don't have a deal in washington yet and how we might be able to get there. stay with us. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever...
170
170
Dec 5, 2012
12/12
by
CNBC
tv
eye 170
favorite 0
quote 0
jeff joins us to explain about that. plus, we have bob from jones day who specializes in wall street deal making. jeff, it is ammo on wall street to do things behind closed doors. you don't want word to get out on the negotiations. it gets too messy. >> right. i wouldn't advocate for a lot of people to do what wall street does. one thing you can say is they've helped facilitate thousands of mna deals this year. they've figured something out with these transactions. the deals that are most successful have the better chance of success are the ones that you negotiate behind closed doors, not the ones that turn into hostile battles and spill out into public, which is what we're seeing noup. >> i understand that, but at the same time, what wh are we going to have a deal already? people are so frustrated by this. we've had 13 months to think about. now we're down to 26 days. bob, can you really make a deal on the fiscal cliff when the negotiation is out in public? do you think we'll get a deal done? that's what everybody wants
jeff joins us to explain about that. plus, we have bob from jones day who specializes in wall street deal making. jeff, it is ammo on wall street to do things behind closed doors. you don't want word to get out on the negotiations. it gets too messy. >> right. i wouldn't advocate for a lot of people to do what wall street does. one thing you can say is they've helped facilitate thousands of mna deals this year. they've figured something out with these transactions. the deals that are most...
133
133
Dec 12, 2012
12/12
by
CNBC
tv
eye 133
favorite 0
quote 0
how about jeff in illinois? >> happy holidays jim. thank you for taking my call. i have been whistling through the wheat field in the agriculture sector. >> those are both good companies. right now i prefer monsanto a little bit. but those are biotech companies that are seed companies. i'm not done. i'm going to phillip in arizona. >> hi jim, what do you think of alcoa at this point? >> it is a growth stock trapped in the commodity. it is going to have to wait. let's go to patricia in hawaii. >> yes, i'm here. booyah from hawaii. what's going on with yelp, i bought it at $21 and it's been down? >> hold on to it. i think it is worth more. don't sell yelp. let's go to stewart in new york. >> how you doing? i love you like the giants and i have a winner for you for next year. >> well, um okay. it is okay. frankly, i prefer others to it. um, for instance, i would even prefer chesapeake to it right now. and that says a lot. i was going to do my stafford imitation. it gets better. here take this. it is the conclusion of the lightning round. coming up, a world away. yum
how about jeff in illinois? >> happy holidays jim. thank you for taking my call. i have been whistling through the wheat field in the agriculture sector. >> those are both good companies. right now i prefer monsanto a little bit. but those are biotech companies that are seed companies. i'm not done. i'm going to phillip in arizona. >> hi jim, what do you think of alcoa at this point? >> it is a growth stock trapped in the commodity. it is going to have to wait. let's go...
149
149
Dec 18, 2012
12/12
by
CNBC
tv
eye 149
favorite 0
quote 0
. >> let's bring in jeff, cnbc contributor. you're a bond guy at the cme. is this a bond bubble and are we coming out of it? >> we talked a couple weeks ago on "power lunch" how we're poised to see the long end of the curve. we had confirmation when ben bernanke said they were going to focus the purchase on the belly of the curve. that's what we call it in the pits. four to six year. right now we certainly have seen a big move in the ten-year. looking at the 30 year, should see a rise in the 30 year. at the end of the day people comfortable out of washington, the bond, long end of the curve, people are selling. >> thanks so much. we'll be back with you in a little bit. sue. >> bob pisani showed us the home builder stocks. one of the reason they are moving, there was good news for the economy. home builder sentiment moving to strongest level since april '06. national association of home builders rose to 47 from a revised 45 in november. keep in mind despite eight months of gains, the confidence index still remains below that key reading of 50. but it has bee
. >> let's bring in jeff, cnbc contributor. you're a bond guy at the cme. is this a bond bubble and are we coming out of it? >> we talked a couple weeks ago on "power lunch" how we're poised to see the long end of the curve. we had confirmation when ben bernanke said they were going to focus the purchase on the belly of the curve. that's what we call it in the pits. four to six year. right now we certainly have seen a big move in the ten-year. looking at the 30 year,...
278
278
Dec 21, 2012
12/12
by
CNBC
tv
eye 278
favorite 0
quote 1
jeff, how can this market rally when there's still so much uncertainty out there? >> i am surprised the market held up as well as it did today, maria. it had every reason to be down four or 500 points. historically, the week after christmas it's up about 70% of the time with a little over a percent gain. and i think you're going to see that after tax selling gets over as of today. and in terms of the selling that we are seeing already, do you think it's partly because people are expecting capital gains and dividend taxes to go up regardless? >> yeah, i think that's right. there's still a chance for a solution to the fiscal cliff. washington tends to work on a last-minute basis. the fact that the republicans couldn't even get together and chose some kind of solidarity even though they knew the plan b wouldn't go through is disturbing. >> dean mackey, how do you see 2013? >> the positive thing right now sthot consumer spending was picking up in the fourth quarter. that was the message of today's data. business spending is also picking up. the problem, though, is that
jeff, how can this market rally when there's still so much uncertainty out there? >> i am surprised the market held up as well as it did today, maria. it had every reason to be down four or 500 points. historically, the week after christmas it's up about 70% of the time with a little over a percent gain. and i think you're going to see that after tax selling gets over as of today. and in terms of the selling that we are seeing already, do you think it's partly because people are expecting...
215
215
Dec 26, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 0
that's when you could see it approach $20 a share. >> what are your banking picks, jeff? who do you like? >> i think over time b of a works but for new money being brought in i'd rather look at citigroup where you haven't had quite the run but have the capital return and the international story and like the capital market numbers, too, morgan stanley or goldman sachs, if we can get any relief, a lot of activity in the markets and those stocks could do well. >> we are tracking euclid, this powerful pinter storm. could inflict some major damage. we'll check in with our friends at the weather channel coming up next. >>> plus, a wear of retail analysts weigh in on the storm's impact of retail's bottom line. >>> and a little bit later on former pennsylvania governor ed rendell is going to be showing us to find out what the co-chair of the fix the debt commission has to say now that we're just five days from going over. >>> and before hitting the break, here's a message from the head of a pennsylvania company to our nation's lawmakers in washington. >>> my name is richard phill
that's when you could see it approach $20 a share. >> what are your banking picks, jeff? who do you like? >> i think over time b of a works but for new money being brought in i'd rather look at citigroup where you haven't had quite the run but have the capital return and the international story and like the capital market numbers, too, morgan stanley or goldman sachs, if we can get any relief, a lot of activity in the markets and those stocks could do well. >> we are tracking...
118
118
Dec 21, 2012
12/12
by
CNBC
tv
eye 118
favorite 0
quote 0
let's go to jeff in wisconsin. jeff. >> hey, how are you doing? a big booyah from mill milwaukee, wisconsin. txes? >> whenever i say it's a spec, you got to accept the consequences it can be up big or down big. that is the case with exas. that is the conclusion of the lightning round! >> coming up, well furnished? the housing hangover seems to be on the mend as u.s. home sales continue to pick up. but if you thought you missed the chance to play the rebound, think again. cramer is talking to the ceo of ethan allen to see if an investment here could help you investment here could help you get comfortable. ential for making or losing money >>> right now we got a bull market in all things related to housing, especially housing related retailers. when i see a housing related retailer selling off, i smell opportunity. ethan allen interiors, a purveyor of highest quality home furnishings with free interior design services. ethan allen has been benefiting. the stock is giving you 72% since i initially got behind in in july of 2010. a lot of analysts didn
let's go to jeff in wisconsin. jeff. >> hey, how are you doing? a big booyah from mill milwaukee, wisconsin. txes? >> whenever i say it's a spec, you got to accept the consequences it can be up big or down big. that is the case with exas. that is the conclusion of the lightning round! >> coming up, well furnished? the housing hangover seems to be on the mend as u.s. home sales continue to pick up. but if you thought you missed the chance to play the rebound, think again....
170
170
Dec 20, 2012
12/12
by
CNBC
tv
eye 170
favorite 0
quote 0
let's go to jeff in wisconsin. jeff. >> hey, how are you doing? a big booyah from mill milwaukee, wisconsin. >> exact -- whenever i say it's a speck, you got to accept the consequences it can be up big or down big. that is the case with eaxs. that is the case with the lightning round! >> coming up, well furnished? the housing hangover seems to be on the mend as u.s. home sales continue to pick up. but if you thought you missed the chance to play the rebound, think again. cramer is talking to the ceo of ethan allen to see if their investment here could help up get comfortable. and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't ro
let's go to jeff in wisconsin. jeff. >> hey, how are you doing? a big booyah from mill milwaukee, wisconsin. >> exact -- whenever i say it's a speck, you got to accept the consequences it can be up big or down big. that is the case with eaxs. that is the case with the lightning round! >> coming up, well furnished? the housing hangover seems to be on the mend as u.s. home sales continue to pick up. but if you thought you missed the chance to play the rebound, think again....
99
99
Dec 7, 2012
12/12
by
CNBC
tv
eye 99
favorite 0
quote 0
jeff in florida, please, jeff? >> caller: hi, jim. hey, first-time caller, big fan of you and the show. >> thank you. >> caller: and my stock is annaly capital. >> that's a tough one. mike farrell has a great team, but that group is hard to own, particularly with the federal reserve keeping rates low. right now i'm on hold. robert in new york. robert? >> caller: in september, sandstone gold was riding around 13, and you were extremely bullish on it. last month you reviewed it and gave it a bearish signal. with it riding near $11.50 now, how do you see it going in the future? >> what happened is my friend and super forensic accountant cautioned me, look, if gold does go down big, sandstorm may have more risk than the ceo felt it had. but at 11 now, this one's fine. i just prefer the gld, particularly after what happened with freeport the other day when they became freeport oil and gas with a gold and copper division. pam in indiana, pam? >> caller: thank you, mr. cramer. what do you think of abt, abbott laboratories? >> that's one of t
jeff in florida, please, jeff? >> caller: hi, jim. hey, first-time caller, big fan of you and the show. >> thank you. >> caller: and my stock is annaly capital. >> that's a tough one. mike farrell has a great team, but that group is hard to own, particularly with the federal reserve keeping rates low. right now i'm on hold. robert in new york. robert? >> caller: in september, sandstone gold was riding around 13, and you were extremely bullish on it. last month you...
131
131
Dec 26, 2012
12/12
by
CNBC
tv
eye 131
favorite 0
quote 0
here's one from jeff. boo-yah, jim, what is your strategy in looking at hospital stocks in general? how do you approach stocks like these in earning season? >> all i care about is government pay. if the governor's stinger toward hospitals, i don't want to touch them. there's not enough hospital mergers that can still be done without the government stepping in and saying you know, we've got to block that. with hospital, if the government's on your side, i could be a buyer. if the government's against you, stay away. but stick with cramer. >>> keep up with cramer all day long. follow @jimcramer on twitter and tweet your questions #madtweets.
here's one from jeff. boo-yah, jim, what is your strategy in looking at hospital stocks in general? how do you approach stocks like these in earning season? >> all i care about is government pay. if the governor's stinger toward hospitals, i don't want to touch them. there's not enough hospital mergers that can still be done without the government stepping in and saying you know, we've got to block that. with hospital, if the government's on your side, i could be a buyer. if the...
257
257
Dec 12, 2012
12/12
by
CNBC
tv
eye 257
favorite 0
quote 0
let's talk about this manpower survey with ceo jeff joerres who is joining us again. >> great to be here. >> we just had a ceo on very concerned about job hiring for next year because of the fiscal cliff and all the costs associated with, that and yet your numbers here seem to suggest that at least statistically we're not seeing that much an impact, or am i misreading this here? >> no, you're not. when you look at it it's actually slightly better than what we saw in the fourth quarter and a lot better than the first quarter of this year. >> how do you explain that then? >> what you're really seeing is that right now, as companies are looking at their demand, they are saying, you know what, you've got enough demand that i'll have to continue to creep up. this is not a robust hiring survey but a good hiring survey. i think the real crux is that we are forgetting that at any moment a ceo can push a button and say we're not going to hire anymore because they are used to being agile. you look at fiscal cliff and what's going on in europe. they are standing on guard ready to make decisions ver
let's talk about this manpower survey with ceo jeff joerres who is joining us again. >> great to be here. >> we just had a ceo on very concerned about job hiring for next year because of the fiscal cliff and all the costs associated with, that and yet your numbers here seem to suggest that at least statistically we're not seeing that much an impact, or am i misreading this here? >> no, you're not. when you look at it it's actually slightly better than what we saw in the fourth...
80
80
Dec 17, 2012
12/12
by
CNBC
tv
eye 80
favorite 0
quote 0
anthony is at the nymex and jeff is at the nasdaq. jeff a fiscal cliff deal would be good for stocks but how big of a danger would be it for bonds? >> jackie, we are seeing these treasury prices down like you said and the yields rise. but if we do get that fiscal cliff, specifically the long end of the curve, the ten year, the 30 year can really let out and to joey t.'s point earlier, you see that rotation out of trernries. should really boost the equities market. i think we've had a lot of clarity in the past week. the fed came out. they confirm they're focused on their purchases and the belly of the curve that four to six-year bucket. right now i'm focusing being short these treasury futures in the ten year as well as the 30 year and they're getting hit rhe pretty hard today. >> could we be seeing the beginning of an asset class rotation out of bonds and into stocks? >> yeah, i think you make a very good point. it wasn't only the fiscal cliff that brought yields so low on the bonds. if you look just look in july we had an unemployme
anthony is at the nymex and jeff is at the nasdaq. jeff a fiscal cliff deal would be good for stocks but how big of a danger would be it for bonds? >> jackie, we are seeing these treasury prices down like you said and the yields rise. but if we do get that fiscal cliff, specifically the long end of the curve, the ten year, the 30 year can really let out and to joey t.'s point earlier, you see that rotation out of trernries. should really boost the equities market. i think we've had a lot...
233
233
Dec 17, 2012
12/12
by
CNBC
tv
eye 233
favorite 0
quote 0
i'm here with jeff lacker, the lone dissenter in the last fed meeting. i think you dissented all year long. >> true. >> let's get into the reason why you dissented. in the past you dissented on the purchases. this time there was a new aspect to the statement. you dissented on the issue of the economic targets. what's wrong with 6.5% unemployment and 2.5%? >> i was happy to get rid of the calendar date. i thought it was flawed, created awkward problems for us when the time came to adjust it one way or another. i was happy to get rid of that. i agreed to that part of the committee's decision. i think that setting a numerical threshold for unemployment, i would have preferred a qualitative approach to describing conditions under which we'd -- we're likely to start raising rates. numerical threshold for unemployment is risky for a couple of reasons. first, because no one's statistic can really capture everything we think is going on in the labor market. the unemployment rate can fall for bad reasons. it can stay high even though the labor market is improving
i'm here with jeff lacker, the lone dissenter in the last fed meeting. i think you dissented all year long. >> true. >> let's get into the reason why you dissented. in the past you dissented on the purchases. this time there was a new aspect to the statement. you dissented on the issue of the economic targets. what's wrong with 6.5% unemployment and 2.5%? >> i was happy to get rid of the calendar date. i thought it was flawed, created awkward problems for us when the time came...
190
190
Dec 20, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
i understood why jeff was doing what was doing. he understood what we were trying to do we have been friends, we stayed friends and if we put our shareholder value creation hats on, this was an easy discussion to have, right? we always thought we would be good partners for each other and the timing was finally right. so this is very friendly. >> why was the timing right? >> i think from our point of view, the timing is everything in all this stuff, right? we both tried in the last 12 to 15 months to do other things to change the trajectory of our companies, they hadn't been successful that doesn't mean you shy away from continuing to try and we thought the complimentary nature of the two portfolios this is something we have talked about on our board a long time as a possibility. when it was spreentd, it was pretty easy to digest. i think in the environment we are in now, where scale continues to be an imperative and both thought consolidation was inhe have jet table, why not team up and see if we can do it? >> your share holders ar
i understood why jeff was doing what was doing. he understood what we were trying to do we have been friends, we stayed friends and if we put our shareholder value creation hats on, this was an easy discussion to have, right? we always thought we would be good partners for each other and the timing was finally right. so this is very friendly. >> why was the timing right? >> i think from our point of view, the timing is everything in all this stuff, right? we both tried in the last...
324
324
Dec 3, 2012
12/12
by
CNBC
tv
eye 324
favorite 0
quote 1
joining us now is jeff sonnenfeld. jeff, it's great to have you here this morning. >> thanks, becky. good to be with you. >> nobody knows corporate management better than you do. why don't we take a look back. tell us first of all what you think maybe the one or two best shake-ups were just in terms of where management success is headed in a company. >> some of the changes that were kind of interesting, is companies like yahoo! ibm and hp. to all be headed by truly brilliant experienced women who have earned their stripes. we can talk about how each is doing on the job, but it is quite a break through year to have these technology titans let by such accomplished leaders. but i would say the moves at apple, as tim cook has found his oats and a critical top lieutenant under jobs was a bold move and widely celebrated, but not initially understood. jenny romini at ibm, it is an incredible story. they've had, you know, a little bit of market disappointments most recently. but it's been a tremendous story. they know what the
joining us now is jeff sonnenfeld. jeff, it's great to have you here this morning. >> thanks, becky. good to be with you. >> nobody knows corporate management better than you do. why don't we take a look back. tell us first of all what you think maybe the one or two best shake-ups were just in terms of where management success is headed in a company. >> some of the changes that were kind of interesting, is companies like yahoo! ibm and hp. to all be headed by truly brilliant...
108
108
Dec 5, 2012
12/12
by
CNBC
tv
eye 108
favorite 0
quote 0
jeff weiner called linked-in a business publisher. it's the next big thing for social networks. joining us is dan roth, executive editor for linked-in. how important is the natural content to attract people to pay for subscriptions and kind them as subscribers. >> this is less about subscriptions and keeping the right content. make you better at what you do, what you want to do. i think you talked about this being transformational. it's more evolutionary. a year ago we launched linked-in today. a million publishers. we looked to see what business stories are trending. get them in front of people in the right way. six weeks ago we launched another program. we have mohammed alaryn, the ceos of zulu, you have barack obama, the president of the world bank. it's an incredible people. becky quick is one of them that's on there. just writing content that's really important for people in business around the world. >> obviously this must translate at some point into a user, keeping the user, either engaged longer or bringing them in. i mean, how does that work? because it's got to connec
jeff weiner called linked-in a business publisher. it's the next big thing for social networks. joining us is dan roth, executive editor for linked-in. how important is the natural content to attract people to pay for subscriptions and kind them as subscribers. >> this is less about subscriptions and keeping the right content. make you better at what you do, what you want to do. i think you talked about this being transformational. it's more evolutionary. a year ago we launched linked-in...
266
266
Dec 7, 2012
12/12
by
CNBC
tv
eye 266
favorite 0
quote 0
jeff fettig, appreciate it. >> coming up next, u.s. job growth picking up in november with nonfarm payrolls resulting in 146,000. is goldman's chief economist pleased with this number? find out when we have an exclusive next. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> november jobs number coming in as quite a surprise to most. the street believed the numbers would be significantly lower due to sandy's impact. the labor department saying that was not the case. joining us exclusively, jan haszius. will we come in next month with huge very rigrevisions down to number. >> i don't think so. i don't think there's that much news in the report. the headlines of course are much better both on the establishme
jeff fettig, appreciate it. >> coming up next, u.s. job growth picking up in november with nonfarm payrolls resulting in 146,000. is goldman's chief economist pleased with this number? find out when we have an exclusive next. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's...
174
174
Dec 10, 2012
12/12
by
CNBC
tv
eye 174
favorite 0
quote 0
jeff just said i think it was over the weekend that so many of their customers are clenched right now. that they're just waiting to see what the resolution of the fiscal cliff is that they're holding back on orders. is that the case with some of your clients as well? >> well, i think right now we haven't received the clarity of the election we were hoping for. i think both sides republicans and democrats are basically negotiating behind closed doors. hopefully i think the news over the weekend was a lot better than it had been. moving a little bit. senator corker moving as well. we had better data out of china last week. household net worth increased by $1.7 trillion which was a big number for the fed. it says the bernanke policies are working. in terms of clients what they're doing, obviously there's a lot of clouds on the horizon short-term. but longer term, it's positive. so right now towards the end of the year what we've been seeing is a lot of accounts looking to take out short positions and stocks that have been hef sli shorted. so you've seen stocks like sears holdings, jcpenn
jeff just said i think it was over the weekend that so many of their customers are clenched right now. that they're just waiting to see what the resolution of the fiscal cliff is that they're holding back on orders. is that the case with some of your clients as well? >> well, i think right now we haven't received the clarity of the election we were hoping for. i think both sides republicans and democrats are basically negotiating behind closed doors. hopefully i think the news over the...
215
215
Dec 6, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 0
jeff cox, the market is still waiting on the fiscal cliff. they're still sort of held accountable for that right now. yet, the investors' sentiment numbers are the highest in a while. what do you make of that? >> this isn't just the most hated stock market rally ever as some have suggested. this might be the most hated stock market ever. let's just talk about some quick numbers. market trading volume down 19% this year. we've seen $125 billion come out of equity based mutual funds. $300 billion go into bond funds. really, no appetite for getting into this market in terms of the volume. why? i think there's a general distrust of the markets. fiscal cliff and all of the other stuff. great story on the front page of wall street journal today talking about portfolio pumping. another example of investors thinking they're not getting a fair shake out of the stock market. >> larry, you call that complacency, don't you? >> that's right. i'm actually shocked that these investors appear to be asleep at the switch in light of the fiscal fiasco looming i
jeff cox, the market is still waiting on the fiscal cliff. they're still sort of held accountable for that right now. yet, the investors' sentiment numbers are the highest in a while. what do you make of that? >> this isn't just the most hated stock market rally ever as some have suggested. this might be the most hated stock market ever. let's just talk about some quick numbers. market trading volume down 19% this year. we've seen $125 billion come out of equity based mutual funds. $300...
193
193
Dec 18, 2012
12/12
by
CNBC
tv
eye 193
favorite 0
quote 0
however, jeff immelt is warning the issues in washington have taken a toll on business. ge is reportedly close to a deal to buy avio for as much as $4 billion. ge adding better than 1% in frankfurt trade, well outpacing the market. >>> and mcdonald's is hoping to get a few extra presents over the tree this year. the fast food giant has urged u.s. franchise owner toes be open to christmas day. that goes against the company's tradition of being closed on major holidays. the request was made in a memo to franchises in november. mcdonald's same-store sales did fall for the first time in october, but rebounded last month. the company attributes had part of that to stories that were open thanksgiving. now, following a year of considerable market shocks, we'll take a look at what's in store for 2013 and find out why our next guest says volatility is at a crossroads, just after this. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand t
however, jeff immelt is warning the issues in washington have taken a toll on business. ge is reportedly close to a deal to buy avio for as much as $4 billion. ge adding better than 1% in frankfurt trade, well outpacing the market. >>> and mcdonald's is hoping to get a few extra presents over the tree this year. the fast food giant has urged u.s. franchise owner toes be open to christmas day. that goes against the company's tradition of being closed on major holidays. the request was...
95
95
Dec 12, 2012
12/12
by
CNBC
tv
eye 95
favorite 0
quote 0
only jeff lacker from richmond fed gave incentive this time around. there is a bit of confusion as i head this statement. there's two different things going on. one is asset purchases. other is funds rate target. there are two different litness tests for now long they go on. federal reserve says it'll keep going if the labor market doesn't show signs of improvement. we have to ask bernanke how well this works together adds a whole, to really explain what is going on here. >> what is the implication steve, of that economic trigger on the fed's funds rate. for investors holding fixed income assets. as you move down towards the 6.5% magic point. what happens in the markets? >> well, i mean, you a sense e sensitively, the market will anticipate either an ending of of the program as we near it or even potential asset sales if we do get a rise in inflation towards 2.5%. i would like to point out, tyler, that 6.5% average number is exactly the number that was given to us by our -- in our cnbc survey yesterday. they hadn't talked about it at 7% but 48 respond
only jeff lacker from richmond fed gave incentive this time around. there is a bit of confusion as i head this statement. there's two different things going on. one is asset purchases. other is funds rate target. there are two different litness tests for now long they go on. federal reserve says it'll keep going if the labor market doesn't show signs of improvement. we have to ask bernanke how well this works together adds a whole, to really explain what is going on here. >> what is the...
99
99
Dec 15, 2012
12/12
by
CNBC
tv
eye 99
favorite 0
quote 0
i think jeff immelt's going to tell a good story. some of that's because the company just boosted its dividend by 12% today p. you don't do that if you're doing poorly. the meeting will be the most talked about event of the day, maybe even the week other than the fiscal cliff. next up, oracle reports on tuesday after the close. i normally like oracle going to earnings. i heard so many rumblings of a better than expected quarter that it makes me nervous given the stock rallied some 25% on the year. the quarter's got to be lights out or we can see a beatdown. wednesday morning we get a result from the exact opposite of oracle's general mills. nothing like -- this one just kind of goes up a little bit each quarter, delivers superior returns over a long period of time. and allows you to sleep at night. general mills hasn't done anything of late. but do you pocket that fine dividend, hold on, leisurely ride. stephanie link and i were talking about the stock last night. she's the co-director of actionalertsplus.com, my charitable trust. it
i think jeff immelt's going to tell a good story. some of that's because the company just boosted its dividend by 12% today p. you don't do that if you're doing poorly. the meeting will be the most talked about event of the day, maybe even the week other than the fiscal cliff. next up, oracle reports on tuesday after the close. i normally like oracle going to earnings. i heard so many rumblings of a better than expected quarter that it makes me nervous given the stock rallied some 25% on the...
165
165
Dec 1, 2012
12/12
by
CNBC
tv
eye 165
favorite 0
quote 0
wednesday jeff from virginia asked me about hillenbrand. i said i would get back to him. they're in a morbid line of business. they're the largest producer of burial caskets in america. stock's had a big move in the last two weeks, reporting a strong quarter and making an acquisition of caperion. they make compounding and bulk material handling equipment. i like where they're headed. i like the 3.6% yield. after this run let's wait for a pug back inspired by the fiscal cliff woes you know we have that more of those in the future. before you think about buying this one, just straight out this one does look like a winner. i'm endorsing hillenbrand. the company has been mentioned as a candidate to give you a special dividend before year end to beat those higher dividend rates that i now think sadly are definitely in the cards. now it's time for some tweets. let's take our first tweet. this one is from @w3kn. he says, i think he's a he, he says "congrats to regina. are you guys playing nice while the e.p. is gone?" this is in reference to regina, who had a baby yesterday, nam
wednesday jeff from virginia asked me about hillenbrand. i said i would get back to him. they're in a morbid line of business. they're the largest producer of burial caskets in america. stock's had a big move in the last two weeks, reporting a strong quarter and making an acquisition of caperion. they make compounding and bulk material handling equipment. i like where they're headed. i like the 3.6% yield. after this run let's wait for a pug back inspired by the fiscal cliff woes you know we...
183
183
Dec 11, 2012
12/12
by
CNBC
tv
eye 183
favorite 0
quote 1
the other thing we don't have in equity, we have two superstars, bill gross, jeff gunlock, knocking the cover off the ball. people like to buy the personality. no peter lynch in stocks anymore. >> what about the fiscal cliff? we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move that money finally into cheaper, more tax efficient and better profits etf has to offer. >> trader talk column, trader talk cnbc.com in a few moments. that's what's hot, etfs. back to you. >> we look forward to that very much. thanks, guys. gold market selling off a little bit. at the close, sharon epperson tracking the action at the nymex. moving into stocks and out of the metals. >
the other thing we don't have in equity, we have two superstars, bill gross, jeff gunlock, knocking the cover off the ball. people like to buy the personality. no peter lynch in stocks anymore. >> what about the fiscal cliff? we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains...
179
179
Dec 19, 2012
12/12
by
CNBC
tv
eye 179
favorite 0
quote 0
. >> that's what makes a market, but that was pretty funny, jeff. thanks so much. merry christmas to you. scott, over to you. >> talk a little numbers and a street fight breaks out. go figure. let's get to mary thompson back with breaking news at hq. mar? >> morgan stanley wealth management is dropping john paulson's advantage and advantage plus funds from its retail broke rang menu. of course, paulson is the hedge fund manager who made a killing during the housing crisis. now in an e-mail sent to morgan stanley's financial advisers yesterday they changed the status of the funds from watch to redeem saying its client should pull the money from these funds. the company citing the fund's weak performance. two umbrella funds for paulissen basically employing a number of his strategies, and they have had a hard part investing in gold where he's not done so well. the advantage fund was down 5% in november, advantage plus down 5.6%. back to you. >> mary, thanks so much. mary thompson for us with the breaking news. face it, we're all getting a little older, but if you act
. >> that's what makes a market, but that was pretty funny, jeff. thanks so much. merry christmas to you. scott, over to you. >> talk a little numbers and a street fight breaks out. go figure. let's get to mary thompson back with breaking news at hq. mar? >> morgan stanley wealth management is dropping john paulson's advantage and advantage plus funds from its retail broke rang menu. of course, paulson is the hedge fund manager who made a killing during the housing crisis. now...
74
74
Dec 26, 2012
12/12
by
CNBC
tv
eye 74
favorite 0
quote 0
and josh, certainly, jeff brought up this idea a couple of weeks ago in a massive presentation and that really started getting people talking. >> yeah, the idea is all of, you know, everything japan's tried thus far hasn't obviously worked. but now, all of a sudden, they've got a new prime minister, they're seventh in, i don't know, ten weeks, but the idea now is to coordinate monetary policy with fiscal policy, which is what europe should have done, they didn't. it's what the u.s. should do now, we have not. so, the idea is, a lot of yen printing and this should be really bullish for stocks, especially exporters and obviously bearish for the yen. and if you look at these charts, that trade has worked out in a tremendous fashion, very recently. >> seventh prime minister in six years, so, we don't overstate the instability in japan. still a high turnover. >> resolving door. by the way, this prime minister is actually coming back for another tour of duty. >> right. >> he served in 2007. >> party kicked out of power three years ago. here's my problem with this trade. everybody is talking a
and josh, certainly, jeff brought up this idea a couple of weeks ago in a massive presentation and that really started getting people talking. >> yeah, the idea is all of, you know, everything japan's tried thus far hasn't obviously worked. but now, all of a sudden, they've got a new prime minister, they're seventh in, i don't know, ten weeks, but the idea now is to coordinate monetary policy with fiscal policy, which is what europe should have done, they didn't. it's what the u.s. should...
215
215
Dec 12, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 1
this is a quote from jeff sessions today. washington has become possessed by the idea that a small group of negotiators meeting in secret can solve the deep, painful and systemic problems plaguing this country. this is a siren song. do you think the process here at large is flawed? >> well, i don't know that you would get anything better if you had both bodies working on it in total. we are where we are. i think the best chance we have now are for the negotiators to strike a deal and put that on the floor of the house and the senate. >> of course, last time, speaker boehner did a deal with obama. it was actually rejected by the rest of the gop, and the whole thing fell apart. how significant is it as boehner looks to make room amongst your party for a compromise that he's removed four outspoken cob serve tiffs from the high profile committees in the new congress? >> i don't know if that has much to do with the deal coming up, or threats to force people to make a deal. but he's got a difficult job, no doubt. but i think we all
this is a quote from jeff sessions today. washington has become possessed by the idea that a small group of negotiators meeting in secret can solve the deep, painful and systemic problems plaguing this country. this is a siren song. do you think the process here at large is flawed? >> well, i don't know that you would get anything better if you had both bodies working on it in total. we are where we are. i think the best chance we have now are for the negotiators to strike a deal and put...
202
202
Dec 5, 2012
12/12
by
CNBC
tv
eye 202
favorite 0
quote 0
jeff solomon is the ceo of cowan and company. but before we get to all that, joe has your morning headlines. >>> president obama's going to speak to the business round table today about the ongoing fiscal cliff talks. boeing ceo jim mcnearney says members want a balanced solution in debt issues, including meaningful and comprehensive tax and entitlement reforms. well, you're not going to get that. anyway -- sorry, jim. we're going to be watching facebook stock today. the company will join the nasdaq -- got to watch it. i'm trying to rise. trying. the nasdaq 100 -- >> sinking, sinking -- >> like a snake. replaces tech firm emphasis, which is moving the listing to the big board. and let's get a check on the markets which are indicated higher today up about 50 points. overseas, let's check out asia and europe. there's a -- .4%. >> had a big move. >> yeah. big move on the hang seng and green arrows everywhere. let's check out europe quickly. also fractional gains there, up about a third of a point each. >>> steny hoyer is striking a
jeff solomon is the ceo of cowan and company. but before we get to all that, joe has your morning headlines. >>> president obama's going to speak to the business round table today about the ongoing fiscal cliff talks. boeing ceo jim mcnearney says members want a balanced solution in debt issues, including meaningful and comprehensive tax and entitlement reforms. well, you're not going to get that. anyway -- sorry, jim. we're going to be watching facebook stock today. the company will...
230
230
Dec 19, 2012
12/12
by
CNBC
tv
eye 230
favorite 0
quote 0
just a darned shame they can't do what they have to do now before they precipitate -- jeff immeld say it has gotten soft because of the uncertainty surrounding the cliff. >> you want to talk about bubble s? >> you mentioned the tech bubble in your previous comment. i was looking at numbers i find interesting. in 2000, cisco was selling at 100 times earning, had nobody recommending it and had no yield income and dividend dents at 6 1/2%. this morning, cisco less than 10 times earnings yields 3% and 10 year governments are 1.8% down from 6 1/2. 3% substantially over 10 year government bond rates. the government isn't an equity market, in my opinion a 10 year yield equity market. >> do you like cisco? >> we don't own it. we own qualcomm, we own sprint, googl google. >> you don't own apple? >> we did own apple. we did very well in it. we had a position through options but much smaller than it was. there are questions, issues. i'm not keen on their financial management, in terms of sitting on all that cash, earning zero. i think we should be more creative and innovative. a great company an
just a darned shame they can't do what they have to do now before they precipitate -- jeff immeld say it has gotten soft because of the uncertainty surrounding the cliff. >> you want to talk about bubble s? >> you mentioned the tech bubble in your previous comment. i was looking at numbers i find interesting. in 2000, cisco was selling at 100 times earning, had nobody recommending it and had no yield income and dividend dents at 6 1/2%. this morning, cisco less than 10 times...
58
58
Dec 10, 2012
12/12
by
CNBC
tv
eye 58
favorite 0
quote 0
on friday, asked jeff feddig about that. >> if you look at the u.s. data for demand, the bubble, so to speak, really occurred between 2003 and 2006, so, beginning next year, we'll start the ten-year beginning cycle of replacement. we will get a catalyst from both housing and the replacement cycle over the next three to five years. >> in fact, you can see the boom here. housing starts peaking nearly a decade ago. look at the average life span of your appliances. 10 to 14 years is the average range. we're going to break down the replacement cycle and the impact. neil, great to have you with us. >> thanks for having me on. >> there's a boomerang effect, but how much could this actually fuel demand? >> well, i think this is really the next leg in the housing story for the u.s. economy. i think right now, quite frankly, there's nothing but cyclical upside to the u.s. economy. if you look at cyclical components of gdp, things like durable goods consumption, refrigerators, ranges, microwaves, relative, even cars, relative to their share of gpd, historically,
on friday, asked jeff feddig about that. >> if you look at the u.s. data for demand, the bubble, so to speak, really occurred between 2003 and 2006, so, beginning next year, we'll start the ten-year beginning cycle of replacement. we will get a catalyst from both housing and the replacement cycle over the next three to five years. >> in fact, you can see the boom here. housing starts peaking nearly a decade ago. look at the average life span of your appliances. 10 to 14 years is the...
60
60
Dec 27, 2012
12/12
by
CNBC
tv
eye 60
favorite 0
quote 0
big shout out to my buddy jeff tudor. he told me this at a christmas cocktail party. i said, you're full of you know what. guess what? he was right. sears, average return, 33% the first quarter. by the way, sinking lately. >>> okay. in the meantime, since we're talking about retailers -- we have eamon jabbers. he did run back to the camera. we're hearing that the house of representatives will reconvene on sunday evening. give us what you are hearing over there in d.c., eamon. >> hi, mandy. i got this confirmed from kantor's office, eric cantor is confirming for me that the house will be back at 6:30 p.m. on sunday, which i believe is what you guys just reported on the air. we have that now with a source that we can attribute that to. where this is coming from is the gop conference call that was scheduled for 2:30 that we believe is still ongoing right now. and we were told earlier in the day that the house leadership would tell their members 48 hours in advance if they had to be back. now they're telling them they have to be back by 6:30 on sunday so they can make the
big shout out to my buddy jeff tudor. he told me this at a christmas cocktail party. i said, you're full of you know what. guess what? he was right. sears, average return, 33% the first quarter. by the way, sinking lately. >>> okay. in the meantime, since we're talking about retailers -- we have eamon jabbers. he did run back to the camera. we're hearing that the house of representatives will reconvene on sunday evening. give us what you are hearing over there in d.c., eamon. >>...
272
272
Dec 26, 2012
12/12
by
CNBC
tv
eye 272
favorite 0
quote 1
. >> well, jeff, yes, i'll concede its most recent quarter was not profitable, but it's been a profitable company. not nearly as much as a lot of folks would see and there's a reason. they have been taking market share and doing it in the cloud. use the cloud streaming services of amazon which is indicative of what an important player amazon is becoming in that field as well. it's an expensive stock. you're paying an astronomical p and still a dominant player in e-commerce and one of the new areas where it's dominant is the iphone this year. >> two companies we've been following very closely this year. thanks for joining us on "talking numbers." see you later. happy holidays. mandy? >> a quick look at what's happening with the markets right now. the do you is just hitting flat with the down side barely moving at this point. of course, we're counting down to the bell. also got aetna's ceo who says his hiring plans for the new year will definitely be affected by the fiscal cliff, and get this, he also says health care costs could double for some groups by 2014 due to obama care. we've got a
. >> well, jeff, yes, i'll concede its most recent quarter was not profitable, but it's been a profitable company. not nearly as much as a lot of folks would see and there's a reason. they have been taking market share and doing it in the cloud. use the cloud streaming services of amazon which is indicative of what an important player amazon is becoming in that field as well. it's an expensive stock. you're paying an astronomical p and still a dominant player in e-commerce and one of the...
231
231
Dec 7, 2012
12/12
by
CNBC
tv
eye 231
favorite 0
quote 0
. >> jeff immelt told me he wanted to move out of china -- i believe ge has shifted resources out of china. >> a lot, especially appliances and low-end goods. but small and medium-sized manufacturers are sick and tired of the corruption, the slowness and all the problems that are so evident -- >> they steal your ideas, counterfeit your products. it really isn't the wonderland of free market capitalism that some people make it out to be. >> no. this is part of a broader narrative of a lot of manufacturers leaving china for vietnam, indonesia, bangladesh, mexico. this is really part of a decades-long trend. >> i have to leave it there. gordon chang, thank you very much. be sure to catch the tim cook interview tonight on "rock center with brian williams." that's at 10:00 p.m. central. >>> the french ought to stick with fine foods because we found out that their 75% tax rate on the rich doesn't work. the economy there is tanking, even worse, same story in britain. why would we want to copy their policies here in the usa? i'll try to get some answers in a moment. please stay with us. [ ma
. >> jeff immelt told me he wanted to move out of china -- i believe ge has shifted resources out of china. >> a lot, especially appliances and low-end goods. but small and medium-sized manufacturers are sick and tired of the corruption, the slowness and all the problems that are so evident -- >> they steal your ideas, counterfeit your products. it really isn't the wonderland of free market capitalism that some people make it out to be. >> no. this is part of a broader...
182
182
Dec 31, 2012
12/12
by
CNBC
tv
eye 182
favorite 0
quote 0
one here from jeff who says i resolve to invest in pets and pampering. petsmart people love pets and profit from it. that's true, actually. ac tweets to accomplish my 2012 resolutions. that's one where i think a lot of us would agree. if you want to join the conversation, send in your thoughts worldwide@cnbc.com. tweet us, @cnbcwex or tweet us individually. >>> the senate in the race against the clock as lawmakers try to solve the fiscal cliff impasse ahead of tonight's deadlines. >>> china ends the year as a sign of manufacturing growth as manufacturing activity hits itself fastest pace in 12 months. german, japanese and hong kong stocks are leading the way today. here is a look at today's other top stories. congress may be able to avoid the so-called dairy cliff. the house and senate agriculture committees are set to temporarily extend the u.s. farm bill. the move would keep a long dormant milk subsidy from coming back to life when the current farm bill expires today. the usda would be forced to buy milk well above what price they currently buy. we sho
one here from jeff who says i resolve to invest in pets and pampering. petsmart people love pets and profit from it. that's true, actually. ac tweets to accomplish my 2012 resolutions. that's one where i think a lot of us would agree. if you want to join the conversation, send in your thoughts worldwide@cnbc.com. tweet us, @cnbcwex or tweet us individually. >>> the senate in the race against the clock as lawmakers try to solve the fiscal cliff impasse ahead of tonight's deadlines....
207
207
Dec 28, 2012
12/12
by
CNBC
tv
eye 207
favorite 0
quote 0
jeff tweets in to say st. petersburg would be a great trip. i always wanted to see the gold room. gene, though, is more interested in culinary delights. he says food and wine, travel to brazil, yucatan, mexico, chile and france. if you want to join in on the conversation, e-mail us, worldwide@cnbc.com. tweet us, @cnbcwex. >> the food always tests better if you're eating it in a local original place. >> it also doesn't have calories if you do it that way. >> no, it doesn't count. sitting in tuscany enjoying an italian dish, that might be on my list. speaking of italian, we had an auction that was very successful earlier and it was the last auction that we saw for the year. they've sold a large amount of bills across the board. the ten-year italian paper now yielding 4.5%. so we've seen more buying into the italian ten-year paper right now. again, we're heading into a year where we have the general elections taking place in italy. some are saying if berlusconi's party gets more traction, we could be looking at yields heading north once again in italy. the 5s, the 3s and the 2s all b
jeff tweets in to say st. petersburg would be a great trip. i always wanted to see the gold room. gene, though, is more interested in culinary delights. he says food and wine, travel to brazil, yucatan, mexico, chile and france. if you want to join in on the conversation, e-mail us, worldwide@cnbc.com. tweet us, @cnbcwex. >> the food always tests better if you're eating it in a local original place. >> it also doesn't have calories if you do it that way. >> no, it doesn't...
243
243
Dec 20, 2012
12/12
by
CNBC
tv
eye 243
favorite 0
quote 1
jeff has tweeted in to say hope you and ross still have leftover twinkies. they are sure to survive the end of the world. that is for sure. we were stockpiling them just in case. and ross will be back here tomorrow. thank you very much for tuning in. >>> good morning. among our top stories, nyse and euro next merger talks. the deal could be announced as early as today. >>> fiscal cliff negotiations and brinkmanship, republicans set to vote today on extending tax cuts for those making ls
jeff has tweeted in to say hope you and ross still have leftover twinkies. they are sure to survive the end of the world. that is for sure. we were stockpiling them just in case. and ross will be back here tomorrow. thank you very much for tuning in. >>> good morning. among our top stories, nyse and euro next merger talks. the deal could be announced as early as today. >>> fiscal cliff negotiations and brinkmanship, republicans set to vote today on extending tax cuts for those...
270
270
Dec 10, 2012
12/12
by
CNBC
tv
eye 270
favorite 0
quote 1
jeff killberg of killer capital. you know, you spelled capital wrong in your name. i guess that was inadvertent. how should traders position themselves? i hear some of the people that are a little mover reactionary, they say capital gains rates could go up so much between now and the end of the year, many stocks could make advances because people will be selling. >> joe, although i'm very distraught at mantea's loss to the height man, i see seller's remorse. a lot of people are worried about that and rightfully so. but additional measures as well as we see some type of resolution out of washington, you could see a nice pick up here in the s&p and that could catch some shorts on the run. >> i wonder about that. with boehner was at any time we could hear that maybe a deal is close or a deal gets made. but, i mean, capital gains no matter what are going up, aren't they? >> that's inevitable, right. and you're seeing one things in the bits here behind me, which will be very loud here this afternoon, the treasury pit is an overcrowded trader now. that was opposite of the
jeff killberg of killer capital. you know, you spelled capital wrong in your name. i guess that was inadvertent. how should traders position themselves? i hear some of the people that are a little mover reactionary, they say capital gains rates could go up so much between now and the end of the year, many stocks could make advances because people will be selling. >> joe, although i'm very distraught at mantea's loss to the height man, i see seller's remorse. a lot of people are worried...
214
214
Dec 17, 2012
12/12
by
CNBC
tv
eye 214
favorite 0
quote 0
ahead, david tepper is going to be with us and a cnbc exclusive interview with richmond fed president jeff lacquer at 10:30 even on "squawk on the street." right now, take another quick look at the futures. you're going to see the dow futures up by about 54 points above fair value. s&p futures just over 7. >>> welcome back to "squawk box." let's get back to our special guest david tepper. founder, president and cio of $16 billion hedge und appaloosa management. when we last left you before the commercial we were all trying to get a read on where you were going with this in terms of the equity market. i think you were suggesting that it's weakly priced. you can tell me. >> you think? >> that's what i thought. >> you are a keen analyst. >> you were waffling. >> i was waffling? >> you were giving signals. >> i was giving signals? >> the bond market was too high. >> listen at 12 times next years with these interest rates, with these fed, yeah, of course it's cheap. but you still do have the stuff that's going on in washington that's holding back everybody and everything. the question is how mu
ahead, david tepper is going to be with us and a cnbc exclusive interview with richmond fed president jeff lacquer at 10:30 even on "squawk on the street." right now, take another quick look at the futures. you're going to see the dow futures up by about 54 points above fair value. s&p futures just over 7. >>> welcome back to "squawk box." let's get back to our special guest david tepper. founder, president and cio of $16 billion hedge und appaloosa management....
220
220
Dec 31, 2012
12/12
by
CNBC
tv
eye 220
favorite 0
quote 0
jeff writes, ban the phrase greek bailout, just leave the euro and bring back the drachma. and tom writes, at the end of the day, the most overused phrase in the world today is "at the end of the
jeff writes, ban the phrase greek bailout, just leave the euro and bring back the drachma. and tom writes, at the end of the day, the most overused phrase in the world today is "at the end of the
167
167
Dec 6, 2012
12/12
by
CNBC
tv
eye 167
favorite 0
quote 0
. >> it's been a big year of musical chairs at jpmorgan, jeff staley was replaced at investment banking ceo in july and given a chairman title many onlookers looked at it as a swan song. in the six months, two financial services companies sought him out as a potential ceo, most recently legg mason, which has seen funds under management shrink by 40% since the last time staley was considered in 2008. talks have dissolved in the last month, a spokesperson says legg hopes to name a chief expeditiously. legg follows barclays which ousted its ceo following this summer's lie bore scandal. the board was set to see staley as one of its top candidates albeit an american and it went to antony jenkins. definitely a guy to watch who could be on the move, jes staley. >> back to bob pisani at post nine, maybe u.s. markets are not the story. >> a very strange global stock market i mentioned earlier we have new highs all over the world if you're a global investor you ought to be happy about this. let me show you here we've got new highs in germany, france, switzerland, hong kong, thailand, india is at
. >> it's been a big year of musical chairs at jpmorgan, jeff staley was replaced at investment banking ceo in july and given a chairman title many onlookers looked at it as a swan song. in the six months, two financial services companies sought him out as a potential ceo, most recently legg mason, which has seen funds under management shrink by 40% since the last time staley was considered in 2008. talks have dissolved in the last month, a spokesperson says legg hopes to name a chief...
174
174
Dec 19, 2012
12/12
by
CNBC
tv
eye 174
favorite 0
quote 1
are you allowed to dissent like the way jeff lacker dissents? who would have been your pick? >> well, i was part of the group. and, you know, there was dissent within the group. you referred to earlier, yeah, it is one of the best things and the most fun things that we do within the group. but ultimately, it is rick stengel, the managing editor, it is ultimately his pick and what happens in the small council room stays in the small council room. >> jim, thanks so much. great seeing. >> nice to be here. >> jim frederick from "time." >> a battle brewing between facebook's instagram and twitter, and it involves your photos. we've got the details later on. right after the break, steven schoenfeld is here to tell us where your message money is being put to work in 2013. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm h
are you allowed to dissent like the way jeff lacker dissents? who would have been your pick? >> well, i was part of the group. and, you know, there was dissent within the group. you referred to earlier, yeah, it is one of the best things and the most fun things that we do within the group. but ultimately, it is rick stengel, the managing editor, it is ultimately his pick and what happens in the small council room stays in the small council room. >> jim, thanks so much. great seeing....
252
252
Dec 27, 2012
12/12
by
CNBC
tv
eye 252
favorite 0
quote 1
one of the points made by jeff gunlop, his presentation he made a couple weeks ago, outlining he would be short yen and long japanese stocks. >> people watching not just january but china. ir ir ir iron oar a lot. >> let's get more insight from steve from web bush securities. how much of a nail biter is this for you in terms of fiscal cliff and the markets? >> i think pretty clear at this point that if there's a deal coming, it's gonna be coming very, very soon. i think the markets discounted the fact we are going to get some sort of deal t has held up fairly well here and i think if we don't get a deal, we will see a selloff. i don't know how considerable, but certainly see the 2, 3% decline in the market. >> does it amaze you, steve, that the markets, in your view, still consider a given that we are going to reach a deal? here we are thursday, december 27th. they still haven't issued a 48-hur notice for congress to return to capitol hill and yet you're saying the markets have baked in some sort of deal? >> yeah, i think so. i don't in he isly think the deal happened december 31st. if
one of the points made by jeff gunlop, his presentation he made a couple weeks ago, outlining he would be short yen and long japanese stocks. >> people watching not just january but china. ir ir ir iron oar a lot. >> let's get more insight from steve from web bush securities. how much of a nail biter is this for you in terms of fiscal cliff and the markets? >> i think pretty clear at this point that if there's a deal coming, it's gonna be coming very, very soon. i think the...
262
262
Dec 11, 2012
12/12
by
CNBC
tv
eye 262
favorite 0
quote 0
coming up next hour, we will be sitting down with jeff henserling of texas. right now, let's bring in our coworkers, joe kernen and andrew ross sorkin. thank you. good to see you. >> good to see you, too. >> it wag something to see when we -- well, i'm not going to go into it. but we hugged it out. >> a big bro man. >> the only thing is, you weren't here, which made it bittersweet. >> we'll have her back tomorrow. >> we will. >> we'll see you tomorrow. we hope you had a good trip down on the amtrak. >> i did. >> hopefully you had the bison chili. >> no. there was no bison chili this time. it was steak or a shrimp pasta or -- >> really? >> yeah. >> i've had the shrimp pasta. >> i had the salad. >> i won't eat bison anywhere but on the amtrak. >> sound policy. >> we'll have more from becky and jim cramer will join her in d.c. for now, let's get up on the morning's top stories. the fed is hold ago two-day meeting in washington and a news conference by bernanke is set for tomorrow afternoon. operation twist expires at the end of this month. the central bank is ex
coming up next hour, we will be sitting down with jeff henserling of texas. right now, let's bring in our coworkers, joe kernen and andrew ross sorkin. thank you. good to see you. >> good to see you, too. >> it wag something to see when we -- well, i'm not going to go into it. but we hugged it out. >> a big bro man. >> the only thing is, you weren't here, which made it bittersweet. >> we'll have her back tomorrow. >> we will. >> we'll see you tomorrow....